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Full Description
This timely book makes a forceful argument that the analyses from behavioral economists are incomplete, the policies advocated by libertarian paternalists are misguided and unethical, and both actually reinforce the cognitive biases and dysfunctions that motivate 'nudges' in the first place. In a lighthearted manner, the author points out critical flaws in the way economists model decision-making, how behavioral economics failed to correct them, and how they led to the problems with libertarian paternalism and nudges. Sprinkled throughout with anecdotes, examples, and references to a wide range of scholarly literature, this new volume argues against the use of paternalistic nudges by the government and makes a positive case for individual choice and autonomy.
This book is part of White's triptych on individualism and society, which includes The Illusion of Well-Being and The Decline of the Individual.
Contents
The Problem with Economic Models of Choice How Behavioral Economists Make These Problems Worse, Not Better How Behavioral Economics Met Law-and-Economics and Begat Nudge Why Nudge Can't Work Why Nudge Is Unethical Why Nudge Will Backfire in the Long Run Why Nudge is Paternalistic (and Hardly Libertarian) - and Why Paternalism Is Wrong Why Choice is Valuable and Should Be Yours to Make
